Caustic Soda Market To Reach USD 59.24 Billion By 2027
Market Summary The increasing demand from textile as well as pulp and paper industries is expected to propel market demand during the forecast period. Market Size – USD 36.17 Billion in 2018, Market Growth - CAGR of 5.5%, Market Trends – High consumption of aluminum and textiles in the APAC region. The global caustic soda market is forecast to reach USD 59.24 Billion by 2027, according to a new report by Reports and Data. Caustic soda is a substance used as an ingredient or in the production of dozens of household products such as detergents, body soap, and drain cleaners. Caustic soda is a simple man-made chemical compound and comprises of one oxygen (O), one sodium (Na), and one hydrogen (H) atom, which is why it’s also known as sodium hydroxide, NaOH. Further key findings from the report suggest : • APAC dominated the market for caustic soda. China leads the consumption demand in caustic soda. Moreover, the country is the largest pulp and paper producing nation as a result of the large forest reserves. • Caustic soda is a common name for NaOH (sodium hydroxide) and is also known as lye. The demand for the type of product is forecasted to grow with a CAGR of 5.7% during the forecast period. • The membrane cell process has intrinsic ecological advantages over the two older methods, as it does not use mercury or asbestos. It is the most energy-efficient process and is incredibly safe to operate, and it produces a consistently high quality of caustic soda. www.reportsanddata.com
Key Players: Dow Chemical Company, Tata Chemicals Limited, FMC Corporation, PPG Industries, Tosoh Corporation, Nirma Limited, Hanwha Chemical Corporation, Ineos Group Limited, Formosa Plastics Corporation, and Occidental Petroleum Corporation (OXY), among others. Segmentation: • Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027) Lye, Flake, Others • Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027), Membrane Cell, Diaphragm Cell, Others • Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027), Reagent Grade, Industrial Grade, Pharmaceutical Grade • Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027), Alumina, Food, Pulp, and Paper, Organic Chemicals, Inorganic Chemicals, Textiles, Steel/Metallurgy-Sintering, Soap and Detergents, Water Treatment, Others www.reportsanddata.com
Regional Caustic Soda Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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